We partnered with the Guarantee Scheme to help scale and grow our business in the field of EdTech, tackling Early Childhood Development in the UAE and across the region to empower future generations by equipping them with 21st Century Skills. Parallel to financing support, MBRIF constantly helps with business vision and strategy. Through the provision of a guarantee by the MBRIF Guarantee Scheme we were able to obtain the necessary financing from our Bank in order to facilitate our innovation activities targeted at sustainable growth. We highly appreciate the availability of a long-term state-backed guarantee in order to introduce our new innovative product line and consequently increase both client-base and product sales.
The Guarantee Scheme was and is a key enabler to our success. They were willing to roll up their sleeves, perform real due diligence, and to do the work necessary. MBRIF shares our vision for food security, water conservation and economic diversification and they were willing to take the risks necessary to turn that vision into a reality.
Does your innovation align to:
Are you based in the UAE?
Does your innovation have a proven track record and viable for multiple market launches and expansion?
Is your business already generating revenue which is growing?
Do you think your innovation has the potential to make a large impact?
You register and submit an online application under the Guarantee Scheme program.
We review your application, checking for eligibility and preliminary clearance.
We run a detailed due diligence on your application, carefully analyzing innovation, commercial, industry, credit risk etc.
The Advisory & Decision Committee (an independent panel of experts) reviews your application and makes a final decision.
We make a final decision on the guarantee.
The final decision will be communicated to you in the form of a letter of intent (LOI), if approved. We introduce you to the Lender that performs their checks and assessments based on our LOI and disburses the funds as per the approval conditions.